Pfizer Inc. (PFE) balance sheet

NYSE · Healthcare · Drug Manufacturers - General · 75,000 employees · CEO Albert Bourla

Price: $30.52 +1.90%
Market cap: $174B
Enterprise value: $236B
Last report: Q2 '26 filed 2026-08-04
Next report: 2026-11-03 EPS est. $0.73

At the end of Q2 '26 Pfizer Inc. (PFE) held $11.7B in cash and short-term investments against $63.2B of debt incl. leases. Total assets $201B, total liabilities $116B, shareholders' equity $85.2B.

Balance sheet

Balance sheet	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Assets
Cash & equivalents	$3.15B	$2.85B	$719M	$1.05B	$1.09B	$1.04B	$1.43B	$1.64B	$1.34B	$1.14B	$1.7B	$976M
Short-term investments	$41B	$9.84B	$11.2B	$6.05B	$8.86B	$19.4B	$15.9B	$11.6B	$13.6B	$12.5B	$11.4B	$10.7B
Receivables	$15B	$15.5B	$15.2B	$15.1B	$17.7B	$14.8B	$14.7B	$16.1B	$18.1B	$15.8B	$12.6B	$12.5B
Inventory	$10.2B	$10.2B	$10.9B	$11.4B	$11.7B	$10.9B	$10.9B	$11.7B	$11.5B	$10.7B	$10.7B	$9.95B
Other current assets	$4.62B	$4.91B	$4.37B	$4.19B	$3.86B	$4.25B	$2.95B	$2.69B	$2.36B	$2.81B	$2.91B	$7.22B
Current assets	$74B	$43.3B	$42.4B	$37.8B	$43.2B	$50.4B	$45.9B	$43.7B	$46.9B	$42.9B	$42.8B	$41.4B
Property, plant & equipment (net)	$17.9B	$18.9B	$18.8B	$19B	$18.5B	$18.4B	$18.3B	$18.8B	$18.9B	$21.5B	$19.4B	$19B
Long-term investments	$14.2B	$15.4B	$11.6B	$11.1B	$10.8B	$2.23B	$2.01B	$224M	$2.14B	$1.74B	$1.63B	$1.56B
Goodwill	$51.5B	$67.8B	$69.3B	$68.4B	$68.6B	$68.5B	$68.4B	$69B	$69.1B	$71.3B	$71.4B	$71.4B
Intangible assets	$40.2B	$64.9B	$62.8B	$61.2B	$60B	$55.4B	$54B	$52.7B	$51.3B	$53.7B	$52.6B	$47.1B
Deferred tax assets	$8.35B	$3.71B	$4.94B	$7.87B	$7.91B	$8.66B	$9.54B	$10.3B	$11B	$9.7B	$9.97B	$10.8B
Other non-current assets	$8.39B	$12.5B	$11.2B	$10.7B	$10.5B	$9.82B	$9.85B	$11.4B	$9.32B	$7.3B	$9.84B	$9.94B
Non-current assets	$141B	$183B	$179B	$178B	$176B	$163B	$162B	$162B	$162B	$165B	$165B	$160B
Total assets	$215B	$227B	$221B	$216B	$219B	$213B	$208B	$206B	$209B	$208B	$208B	$201B
Liabilities
Accounts payable	$5.34B	$6.71B	$5.59B	$5.11B	$5.31B	$5.63B	$5.24B	$5.17B	$5.02B	$5.24B	$4.51B	$4.58B
Accrued expenses	$0	$0	$0	$0	$0	$0	$0	$0	$3.04B	$3.61B	$2.72B	$2.55B
Short-term debt	$2.55B	$10.3B	$8.23B	$11.9B	$9.7B	$6.95B	$4.47B	$4.3B	$4.3B	$3.48B	$3.89B	$2.7B
Taxes payable	$1.9B	$2.35B	$3.19B	$2.88B	$2.88B	$2.91B	$0	$3.68B	$3.8B	$0	$3.13B	$653M
Deferred revenue	$2.2B	$2.7B	$2.5B	$2.53B	$2.02B	$1.51B	$1.01B	$1.12B	$924M	$784M	$646M	$0
Other current liabilities	$19.1B	$23.3B	$21B	$19B	$23.3B	$23.6B	$22.6B	$23.5B	$19.5B	$20.8B	$19.5B	$22.8B
Current liabilities	$31.1B	$47.8B	$40.5B	$43.8B	$43.2B	$43B	$36.5B	$37.7B	$36.6B	$37B	$34.3B	$32.6B
Long-term debt	$61B	$60.5B	$60.5B	$56.7B	$56.9B	$56.7B	$56.8B	$57.5B	$57.4B	$61.6B	$60.6B	$60.5B
Lease obligations (non-current)	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2.29B	$0	$0
Deferred tax liabilities	$1.13B	$640M	$931M	$2.23B	$2.16B	$2.12B	$2.26B	$2.48B	$2.47B	$2.4B	$2.41B	$1.96B
Other non-current liabilities	$24.5B	$28.3B	$26.6B	$25.4B	$24.6B	$23.1B	$21.9B	$19.4B	$19.2B	$18.1B	$19.9B	$20.5B
Non-current liabilities	$86.7B	$89.4B	$88B	$84.4B	$83.7B	$81.9B	$80.9B	$79.4B	$79B	$84.4B	$82.9B	$83B
Total liabilities	$118B	$137B	$129B	$128B	$127B	$125B	$117B	$117B	$116B	$121B	$117B	$116B
Equity
Common stock & paid-in capital	$478M	$478M	$480M	$480M	$480M	$480M	$481M	$481M	$481M	$481M	$482M	$482M
Retained earnings	$126B	$118B	$121B	$117B	$121B	$117B	$120B	$118B	$121B	$115B	$117B	$112B
Accumulated other comprehensive income	-$7.97B	-$7.96B	-$7.76B	-$7.82B	-$7.97B	-$7.84B	-$8.58B	-$8.44B	-$8.07B	-$8.07B	-$7.2B	-$7.22B
Shareholders' equity	$96.9B	$89B	$92.3B	$87.7B	$92.3B	$88.2B	$90.3B	$88.7B	$92.8B	$86.5B	$90.1B	$85.2B
Debt
Total debt (incl. leases)	$63.6B	$70.8B	$68.7B	$68.7B	$66.6B	$63.6B	$61.3B	$61.8B	$61.7B	$67.4B	$64.5B	$63.2B
Net debt (debt - cash)	$60.4B	$68B	$68B	$67.6B	$65.5B	$62.6B	$59.9B	$60.2B	$60.4B	$66.3B	$62.8B	$62.2B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$2.6B	$1.34B	$1.14B	$1.12B	$1.79B	$1.94B	$416M	$2.85B	$1.04B	$1.14B
Short-term investments	$15.3B	$18.7B	$17.7B	$8.53B	$10.4B	$29.1B	$22.3B	$9.84B	$19.4B	$12.5B
Receivables	$11.3B	$11.3B	$11.4B	$9.51B	$11.2B	$15.7B	$14.5B	$15.5B	$14.8B	$15.8B
Inventory	$6.78B	$7.58B	$7.51B	$7.07B	$8.05B	$9.06B	$8.98B	$10.2B	$10.9B	$10.7B
Other current assets	$3.05B	$2.3B	$12.2B	$6.58B	$3.65B	$3.82B	$5.02B	$4.91B	$4.25B	$2.81B
Current assets	$38.9B	$41.1B	$49.9B	$32.8B	$35.1B	$59.7B	$51.3B	$43.3B	$50.4B	$42.9B
Property, plant & equipment (net)	$13.3B	$13.9B	$13.4B	$13B	$13.7B	$14.9B	$16.3B	$18.9B	$18.4B	$21.5B
Long-term investments	$7.12B	$7.02B	$2.77B	$20.1B	$20.3B	$21.5B	$15.1B	$15.4B	$2.23B	$1.74B
Goodwill	$54.4B	$56B	$53.4B	$48.2B	$49.6B	$49.2B	$51.4B	$67.8B	$68.5B	$71.3B
Intangible assets	$52.6B	$48.7B	$35.2B	$33.9B	$28.3B	$25.1B	$43.4B	$64.9B	$55.4B	$53.7B
Deferred tax assets	$1.81B	$1.86B	$1.92B	$1.91B	$2.38B	$3.34B	$6.69B	$3.71B	$8.66B	$9.7B
Other non-current assets	$3.32B	$3.23B	$2.8B	$17.6B	$4.57B	$7.68B	$13.2B	$12.5B	$9.82B	$7.3B
Non-current assets	$133B	$131B	$109B	$135B	$119B	$122B	$146B	$183B	$163B	$165B
Total assets	$172B	$172B	$159B	$167B	$154B	$181B	$197B	$227B	$213B	$208B
Liabilities
Accounts payable	$4.54B	$4.66B	$4.67B	$3.89B	$4.28B	$5.58B	$6.81B	$6.71B	$5.63B	$5.24B
Accrued expenses	$0	$0	$0	$0	$0	$0	$0	$0	$0	$3.61B
Short-term debt	$10.7B	$9.94B	$8.84B	$16.2B	$2.7B	$2.24B	$2.93B	$10.3B	$6.95B	$3.48B
Taxes payable	$437M	$477M	$1.27B	$980M	$1.05B	$1.27B	$1.59B	$2.35B	$0	$0
Deferred revenue	$0	$0	$0	$0	$1.11B	$3.07B	$2.52B	$2.7B	$1.51B	$784M
Other current liabilities	$13.5B	$13.3B	$15B	$14.1B	$14.6B	$28.3B	$26B	$23.3B	$23.2B	$18.3B
Current liabilities	$31.1B	$30.4B	$31.9B	$37.3B	$25.9B	$42.7B	$42.1B	$47.8B	$43B	$37B
Long-term debt	$30.4B	$32.7B	$32.9B	$34.7B	$35.6B	$34.8B	$31.9B	$60.5B	$57.4B	$61.6B
Lease obligations (non-current)	-$12.2B	-$27B	-$21.3B	$1.03B	$0	$0	$0	$0	$2.29B	$2.29B
Deferred tax liabilities	$30.8B	$3.9B	$3.7B	$5.58B	$4.06B	$349M	$1.02B	$640M	$2.12B	$2.4B
Other non-current liabilities	$19.5B	$33.1B	$27.2B	$26.5B	$25.2B	$26.2B	$26.2B	$28.3B	$20.1B	$18.1B
Non-current liabilities	$80.7B	$69.7B	$63.8B	$66.8B	$64.8B	$61.3B	$59.2B	$89.4B	$81.9B	$84.4B
Total liabilities	$112B	$100B	$95.7B	$104B	$90.8B	$104B	$101B	$137B	$125B	$121B
Equity
Common stock & paid-in capital	$461M	$464M	$467M	$468M	$470M	$473M	$476M	$478M	$480M	$481M
Retained earnings	$71.8B	$85.3B	$89.6B	$97.7B	$96.8B	$103B	$126B	$118B	$117B	$115B
Accumulated other comprehensive income	-$11B	-$9.32B	-$11.3B	-$11.6B	-$11.7B	-$5.9B	-$8.3B	-$7.96B	-$7.84B	-$8.07B
Shareholders' equity	$59.5B	$71.3B	$63.4B	$63.1B	$63.2B	$77.2B	$95.7B	$89B	$88.2B	$86.5B
Debt
Total debt (incl. leases)	$41.1B	$42.6B	$41.7B	$50.8B	$38.3B	$37B	$34.9B	$70.8B	$67B	$67.4B
Net debt (debt - cash)	$38.5B	$41.3B	$40.6B	$49.7B	$36.5B	$35.1B	$34.4B	$68B	$66B	$66.3B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-28, 10-Q 2026-03-29, 10-K 2025-12-31, 10-Q 2025-09-28, 10-Q 2025-06-29, 10-Q 2025-03-30, 10-K 2024-12-31, 10-Q 2024-09-29, 10-Q 2024-06-30

Data as of 2026-11-01